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McCain’s Tax Policy Economically Sound

Suggesting that McCain = Disaster is weird. The fiscal program of the presumptive Republican nominee for president is hardly disastrous. Or, to put it all in diluvial terms, Mr. McCain’s levies are like levees. They may look expensive on paper. But they’ll provide a valuable infrastructure that will shore up the American house in ways that will prove more than worth it later.

Amity Shlaes, who wrote the excellent book The Forgotten Man, which I just finished last night, argues that while McCain’s tax policies may look expensive (from the government’s point of view, anyway), they will more than pay for themselves and strengthen our nation.